Blake and Ali Poore Team
Goochland, VA
Single-Family Homes
Long & Foster Real Estate
Goochland, VA
Mon May 17 2021
This week the median list price for Goochland, VA is $554,990 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $554,990 | |
| Median Price of New Listings | $539,950 | |
| Per Square Foot | $205 | |
| Average Days on Market | 104 | |
| Median Days on Market | 63 | |
| Price Decreased | 12% | |
| Price Increased | 53% | |
| Relisted | 47% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $645,115 | 3,248 | 0.5 - 1 acre | 4 | 4 | 0 | 0 | 1 | 63 |
| $612,470 | 2,973 | 0.5 - 1 acre | 4 | 3 | 0 | 1 | 0 | 45 |
| $542,470 | 2,463 | 0.5 - 1 acre | 3 | 2 | 0 | 1 | 0 | 63 |
| $470,000 | 2,425 | 0.5 - 1 acre | 4 | 2 | 1 | 1 | 3 | 98 |